The decline in Canadian used-vehicle wholesale prices picked up pace in the first full week of the new year. Canadian Black Book’s weekly Market Insights report showed the wholesale market fell 0.48% for the week ending Jan. 11, ending a three-week string of slowing depreciation that was capped by a 0.14% drop in the week […] [Read More]

Canadian electric vehicle owners are not happy with the availability of reliable and convenient public charging — but that won’t stop them from buying another EV, according to a new study from the Canadian Automobile Association. The survey of more than 16,000 EV owners, conducted by PlugShare Research for CAA, found 70% of respondents expressed […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Robyn Burkinshaw and Alison Andreozzi of BlytzPay. The company’s leadership team explained why technology in the form of text-based communications and app-less payment options has the ability to improve margins, optimize collectors’ […] [Read More]

As you might have noticed when booking paper and finalizing deliveries during the holiday season, it was a bit easier to get consumers into financing during the closing month of the year. Cox Automotive reported earlier this week that the Dealertrack Credit Availability Index made a notable improvement in December, reaching 95.5. That represented a […] [Read More]

Lyteflo’s seed has been planted. The new electric vehicle merchandising provider is has closed on $3 million in seed funding in an oversubscribed round led by Diagram, with participation from fellow Canadian venture capital firms Whitecap Venture Partners and Amplify Capital. Lyteflo, founded by CEO Ryan Osten and chief technology officer Dominick Rivard, is designed […] [Read More]

Tire distributor and service provider Dealer Tire is teaming with auto sales and service training platform RockED to develop and launch a new tire sales certification program for parts and service associates at select dealerships, combining Dealer Tire’s expertise in tire distribution and services with RockED’s micro-learning and gamified training systems. In a news release, […] [Read More]

There’s change at the top at RPM. The automotive logistics provider announced Barry Spilman, the company’s founder and CEO, will transition from that role to serve on board of directors. Under his direction, the company has grown from a startup in 2012 to a consistent top 50 freight brokerage and top 100 logistics provider, RPM […] [Read More]

We continue our episodes of the Auto Remarketing Podcast originating from Used Car Week 2024 in Scottsdale, Ariz., with a Speed Session featuring Lucky Lopez, who is director of sales with Loanbridge. Lopez, a former dealer who has built a significant social media following, including nearly 30 million views of his industry videos on YouTube, […] [Read More]

Black Book noticed two of the most important trends in the wholesale market made notable moves during the first full week of the year. Analysts said last week’s auction conversion rate rose to 60%, while wholesale values dropped by 0.81%, resulting in the largest single-week overall price decline since mid-December 2023. “Auction activity was robust […] [Read More]

In the dynamic landscape of automotive marketing, a new trend is emerging that could reshape how brands engage with consumers: blockchain technology. This approach leverages the inherent capabilities of blockchain for cost-effective, direct, and highly traceable marketing strategies. Understanding blockchain in marketing Blockchain isn’t just the foundation of cryptocurrencies; it’s a ledger of transactions that […] [Read More]